MANILA, Philippines — The power business of conglomerate San Miguel Corp. more than tripled its profit in the first nine months after closing a $3.3-billion liquefied natural gas deal with business titans Manuel V. Pangilinan and Sabin Aboitiz.

Power consumers saved an aggregate net P40 billion in electricity costs between 2014 and 2020 because must-dispatch feed-in tariff (FIT) plants displaced expensive conventional generation, according to former Department of Energy Undersecretary Jose Layug Jr.

The Department of Energy (DOE) reported more than 300 megawatts (MW) of renewable energy (RE) capacity is set to come online in Agusan del Norte, a move that would help bolster the province’s energy security.

MANILA, Philippines — The Ayala Group is scrapping its planned 1,100-megawatt combined-cycle gas turbine project in Batangas amid challenges in securing long-term buyers for its power output.

Vivant Corp. delivered a strong performance from January to September this year, ending the period with a 24-percent hike in core net income to P2 billion driven by its energy business.

Lopez-led microgrid operator FP Island Energy Corp. (FP Island) signed a memorandum of understanding (MOU) with agri-tech startup Agrabah Ventures, Inc. (Agrabah) to support the capability-building and technical assistance of local seaweed farmers in several off-grid islands in Caramoan and Garchitorena towns in Camarines Sur.

Triconti Windkraft Group (TWG), a Filipino-Swiss joint venture, has secured two wind energy projects with a combined capacity of up to 150 megawatts (MW) under the Department of Energy’s Fourth Green Energy Auction (GEA-4) program.

The Department of Energy’s (DOE) Task Force on Energy Resiliency (TFER) has reconnected 3.6 million homes and businesses, reducing the number without power from 4.8 million to 1.2 million, despite the challenges posed by Typhoons Tino and Uwan.

A group of Boracay hotels has become the first retail-aggregated hotel group in the Philippines following a recent signing with EvoEnergi as their retail electricity supplier.

GreenHeat Corp., a leading Philippine renewable energy provider, inaugurated a 1.35-megawatt solar rooftop power system Friday at the Honda Parts Manufacturing Corp. facility in Biñan, Laguna.